Last week DFC announced that it signed a framework agreement with the government of Ecuador to refinance up to $3.5 billion of the country’s external debt to China. In exchange, according to reporting by the Financial Times, the Ecuadorian government will commit to exclude Chinese companies from its telecom networks.
CGD Policy Blogs
The new US International Development Finance Corporation has opened its doors! And with that, CGD is launching the “DFI Dashboard”—an interactive tool for comparing the lending practices and policy frameworks of DFC and eight other development finance institutions.